ConAgra Reports Diminished Profits for Fiscal First-Quarter 2010 as Consumers Cut Back

SUGAR LAND--September 22, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--North American packaged food leader ConAgra Foods Incorporated (NYSE:CAG) (Omaha, Nebraska) reported slight declines in revenue and net income for the company's fiscal first-quarter 2010, as tougher competition and a slow economic recovery weighed down progress. Net income for the quarter stood at $146.4 million, an 11.75% decrease from the same period last year.